FX.co ★ DAX Starts Week on the Back Foot

The DAX index in Frankfurt experienced a decline of 0.6%, settling at approximately 23,480 on Monday. This downturn was primarily driven by losses in the automotive sector and banking stocks. Investors are currently focused on upcoming speeches from various Federal Reserve officials and important economic indicators, such as the PMI surveys for key economies, scheduled for release this week. On the corporate level, Porsche Automobil endured a significant 6.7% decrease after adjusting its 2025 profit projections downward and delaying the introduction of new electric vehicle models due to sluggish demand. In response, Volkswagen, the largest stakeholder in Porsche, saw its shares drop by roughly 5.5%. Notably, the DAX index underwent changes starting today: Porsche AG and Sartorius exited the index, while Scout24 and Gea joined, both of which experienced an increase of over 2% at market opening.